Tyco Acquires Fire Protection Services Company in the United States, Chile & Peru
Tyco announced the acquisition of Westfire Inc., a provider of special-applications fire protection services with operations in the United States, Chile and Peru. Westfire provides critical special-hazard suppression and detection applications in mining, telecommunications and other vertical markets. Its full range of fire protection services includes hazard analysis, as well as system design, installation, maintenance and testing combined with customized system documentation. The transaction closed on November 8, 2013 and Westfire is expected to generate approximately $80 million in annualized revenues in fiscal year 2014.
Westfire’s U.S. operations are concentrated in the Western United States and will be combined with Tyco’s North American Fire Services business. According to Tyco, Westfire’s highly skilled and experienced workforce will enhance Tyco’s service differentiation with added project design and execution capabilities. In Latin America, this acquisition enhances Tyco’s service capabilities in the mining industry in Chile and provides an entry into the Peruvian market, both of which are important growth markets for Tyco. While already an established customer of Tyco’s Fire Protection Products business, Westfire has the opportunity to further leverage this relationship to meet the requirements of Westfire’s customers in mining and telecommunications.